USB345 Specialised Valuation
Semester 1 2024
Overview
Specialised Valuation is the capstone valuation unit and applies the valuation principles and procedures developed in USB142 Residential Valuation and USB144 Investment Valuation, to the more complex property classes such as rural land and the valuation of specialist properties that are based on the profit generated from the businesses operating from these properties.
Learning Outcomes
On successful completion of this unit you will be able to:
1. Analyse unique property market segments and the drivers of property value.
2. Apply valuation methodologies and calculations to property valuation problems.
3. Identify and apply legislative compensation principles to statutory acquisition scenarios.
4. Prepare and present a written report to a professional standard required of an expert witness as evidence in a court of law.
5. Collaborate in a team to manage professional relationships and represent a party in a case conference meeting.
6. Make professional and ethical judgments in relation to the role of the valuer as an expert witness.
Content
Learning outcomes will be achieved through coverage of the following topics:
Rural property inspection procedures and application of valuation methodologies
Rural property market analysis and reconciliation
Rural valuation report
Retail property valuation
Classification of specialist premises
Going concern valuations
Business goodwill and value
Valuation methodologies for boutique property types
Boutique and special premises property valuation reports
Evidence: the expert witness, professional liability understanding, and moot court experience
Learning Approaches
This unit engages you in your learning through a theory-to-practice approach, with a large proportion of the unit made up of practical application of basic theoretial concepts. This unit will involve some computer laboratory based blended lectures combined with formal training opportunities, online activites, studio sessions. Where lectures are held, these will convey the essential theoretical background to the unit, blended together with hands on experience and training in the nominated software. The assessment items are designed to help you understand and apply the key concepts via more practical application.